IM Gestão de Ativos has acquired Fidelidade for an undisclosed amount. This corporate acquisition sees IM Gestão de Ativos take ownership of Portugal's market leader in life and non-life insurance. Fidelidade, with over 200 years of history, focuses on the protection of life, advising and developing innovative products and services for individuals, families, and companies. The company serves more than 2 million customers and operates an extensive commercial network across Portugal, with an international presence in countries including Spain, France, Luxembourg, Cape Verde, Angola, Mozambique, and Macau.
The acquisition is expected to significantly expand IM Gestão de Ativos's market footprint and service capabilities. By integrating Fidelidade, IM Gestão de Ativos gains immediate access to a robust insurance portfolio, a vast customer base, and a well-established international network. Fidelidade's long-standing experience, credibility, and commitment to innovation in the insurance sector are anticipated to complement IM Gestão de Ativos's strategic objectives, allowing for enhanced offerings and broader market penetration.
Fidelidade's mission, centered on ensuring "life never stops" through loyalty, trust, and stability, aligns with its continuous efforts to reinvent insurance in Portugal. Its belonging to FOSUN International Limited has previously broadened its growth horizons, and under IM Gestão de Ativos, the combined entity is poised to leverage these strengths. The acquisition aims to foster continued innovation and support for Fidelidade's existing customer base, while potentially exploring new avenues for growth and service development within the broader financial landscape.